Well, what attracted me to the stock is their EPS of 63kobo based on their 2009 audited result and lower PE of 16.04 compared to its peers. In addition, they have paid divided consistently over the past few years. I intend to stay like 12months in anticipation that it will get to say 15 to 18 naira. My lay man opinion. If Gurus like you does not see a value in it, then I am mistaken threat for opportunity. I will run away and go for Afromedia tomorrow.
You know you are the elder that sees all when you are sleeping. My 1 kobo. Personally, I don't see much value in Bocgas anymore. The valuation has dropped with forward PE now over 14x and dividend yield is less than 3%. Coupled with the fact that it is a very illiquid stock, I won't buy except I am looking very long term. What attracted you to the stock? you fit don see better for there sef..